Use the Following Bond Quotes to Answer This Question -
What Was Yesterday's Closing Price on the Beta Movers

question 61

Multiple Choice

Use the following bond quotes to answer this question:
$\begin{array}{lrr}\text { Issuer Name}& \text {Coupon }&\text {Maturity}&\text { High }&\text {Low } &\text { Last}&\text { Change }\\ \text { Alpha } &5.875& \text {Apr 2010 }&99.823&98.667&99.402&+.008\\ \text { Industrial } &\\ \text { Beta Movers } &7.120& \text {May 2036}&103.407&100.013&103.354&+.010 \\\end{array}$

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What was yesterday's closing price on the Beta Movers bond?

• A)$1,020.13
• B)$1,033.44
• C)$1,044.07
• D)$1,053.54
• E)$1,054.07

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Definitions:

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit columns to check for the accuracy of the entries.

Accounts Receivable

Money owed to a company by its customers for products or services delivered on credit.

Credit Sales

Transactions where goods or services are provided with the agreement that payment will be made at a later date.

Recording Process

The systematic method of capturing all financial transactions of a company to ensure accurate financial reporting and analysis.